Blake, I didn't say someone is waiting in line to buy them. They now need a new CEO, and since they're a smaller company with big tax loses, there might be someone who might buy them just for the write off. I don't think they'll go to zero in either case!
Maybe, they're waiting for the new CFO to start, which I believe is 7/27. Hopefully, that's what he's charged with doing first!
Greenlight closed its long positions in Altice SA (AMS:ATC), CONN'S, Inc. (NASDAQ: CONN), EMC Corporation (NYSE: EMC), Marvell Technology Group Ltd. (NASDAQ: MRVL) and Playtech PLC (LONG:PTEC).
I think they need the money for some of the other buys they want to do! Anybody have an opinion on what the stock will do now?
Pas, the lack of responses, should be a good indicator! People are waiting for the name changes, and what the stock is worth in the two companies. If they keep going the way they are, I'd say we have another reverse split about to happen!
Pas made the mistake like some others, in believing in JDSU! Now they've ruined the name so, they'll create two companies with the same inept management so, the only ones rewarded are those who work there! I think he'll dump when they split, since that'll be the best time. If you're looking for a company to lose money, this is the company to be involved in. Today's movement is an example of what the future holds, while under control of JDSU management!
Scam, if you've been holding this pig as long as some others, you too would be complaining! The best thing to happen to JDSU is, they will disappear, and two companies will re-appear, One of which will do OK, the other will tank!
Pas, maybe they want to get their name out there, before it's forgotten! The sooner the better! Hopefully, the children become better then the parent! Based on their timeline, it should happen in the next 3 months!
Next week should prove to be very interesting! I know some are hoping up, and some down! The quarterly report is a given, since they do monthlies, but the May results is what will make this move up!